State of Connecticut Department of Banking

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The Department of Banking News Bulletin 

Bulletin # 2475
Week Ending July 29, 2011

This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail. Written comments will be considered only if they are received within ten days from the date of this bulletin.

STATE BANK ACTIVITY
Branch Activity
Section 36a-145 of the Connecticut General Statutes requires certain applications for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided.  Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days.  Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.
Date Bank Location Activity
09/12/11
Naugatuck Savings Bank
Naugatuck
*Naugatuck High School
543 Rubber Avenue
Naugatuck, CT  06770
opening
* Limited branch

FOREIGN BANK ACTIVITY
Consent Order
On July 26, 2011, the Federal Reserve Board (“FRB”), jointly with the Banking Commissioner, the New York State Banking Department and the State of Illinois Department of Financial and Professional Regulation, issued a Consent Cease and Desist Order against The Royal Bank of Scotland plc.  The order may be viewed on the FRB’s website.

CREDIT UNION ACTIVITY
Consent Order
On July 26, 2011, the Banking Commissioner issued a Consent Order against The Greater Norwalk Area Credit Union, Inc.  The order may be viewed on the Department’s website.

CONSUMER CREDIT DIVISION ACTIVITY
Check Cashing Service License Activity
Date Check Casher Location Activity
07/27/11
Friendly Check Cashing, LLC
1351 North Main Street
Waterbury, CT  06704
approved
       Dated:  Tuesday, August 2, 2011
       Howard F. Pitkin
       Banking Commissioner